Kraken Robotics Inc. has secured all regulatory and stock exchange approvals required to complete its pending acquisition of Covelya Group Limited.
The transaction, which was originally announced on March 3, 2026, is now expected to close on July 2, 2026, subject to the satisfaction of customary closing conditions.
“We are excited to have received final regulatory approval for our highly strategic and transformative acquisition of Covelya Group,” said Greg Reid, President and CEO of Kraken Robotics. “Upon closing, our focus will shift to welcoming Covelya’s employees and to creating a global leader in mission-critical solutions for underwater platforms and subsea sensors/monitoring systems.”
Covelya Group operates internationally as a provider of mission-critical underwater technology solutions. The company supports the marine sector through its various subsidiary companies, which include Sonardyne International Ltd., EIVA A/S, Forcys Ltd., Wavefront Systems Ltd., Voyis Imaging Inc., and Chelsea Technologies Ltd.
Kraken Robotics specializes in marine technology designed to advance subsea intelligence through 3D imaging sensors, power solutions, and robotic systems. The company’s technical portfolio features synthetic aperture sonar, sub-bottom imaging, and LiDAR systems that offer high-resolution insights into ocean safety, infrastructure, and geology. Additionally, the firm produces pressure-tolerant batteries engineered to deliver high energy density power for unmanned underwater vehicles and subsea energy storage. Headquartered in Canada, Kraken operates offices across North America, South America, and Europe, serving clients in more than 30 countries worldwide.
